HELSINKI (News release) -- UPM has appointed Joonas Rauramo as Executive Vice President, UPM Energy. He will join the Group Executive Team, report to Massimo Reynaudo and will assume his role on October 1, 2026 and will be based in Helsinki, according to UPM-Kymmene Corporation Stock Exchange Release (Changes board/management/auditors) Jun 3, 2026 at 10:00 AM EEST.

Rauramo, born in 1983, will join UPM from Coolbrook Oy, where he has served as CEO since 2022 and prior to that was Executive Vice President, Strategy & Industrial Partnerships. From 2007 to 2021 he held various roles at Fortum, most recently as Vice President, Wind and as Vice President, Solar & Wind Development.

He serves as a board member at Korkia and as a member of the IEA Technology and Innovation Advisory Board. He holds a Master of Science in Technology from Helsinki University of Technology and a Master of Science in Economics from Aalto University School of Economics. He is a Finnish citizen.

Massimo Reynaudo said: "I'm delighted to welcome Joonas to UPM. He brings extensive experience in power generation and industrial decarbonisation, as well as deep expertise in energy markets, project financing, M&A and building global partnerships. These are capabilities that are increasingly critical as demand for reliable, emission-free electricity continues to grow and the energy system undergoes profound transformation. With Joonas on board, we continue to develop our energy business further and contribute to the transition towards a sustainable and resilient energy future."